Russell Investments Group Ltd. raised its position in shares of NCI, Inc. (NASDAQ:NCIT) by 30.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,040 shares of the information technology services provider’s stock after buying an additional 4,632 shares during the period. Russell Investments Group Ltd. owned about 0.15% of NCI worth $302,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NCIT. Teachers Advisors LLC raised its stake in shares of NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock worth $184,000 after buying an additional 4,044 shares during the period. Renaissance Technologies LLC raised its stake in shares of NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock worth $5,367,000 after buying an additional 9,225 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock worth $4,195,000 after buying an additional 5,301 shares during the period. Institutional investors own 39.04% of the company’s stock.
NCI, Inc. (NCIT) opened at 19.95 on Friday. The stock has a 50 day moving average price of $20.18 and a 200 day moving average price of $16.03. The company has a market capitalization of $270.34 million, a price-to-earnings ratio of 44.63 and a beta of 1.05. NCI, Inc. has a 52-week low of $10.98 and a 52-week high of $21.40.
NCI (NASDAQ:NCIT) last posted its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $78.75 million during the quarter, compared to analysts’ expectations of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%. On average, equities analysts expect that NCI, Inc. will post $1.00 earnings per share for the current year.
A number of brokerages have weighed in on NCIT. Noble Financial reaffirmed a “hold” rating on shares of NCI in a research report on Thursday, July 6th. Cowen and Company reaffirmed a “buy” rating and set a $24.00 target price on shares of NCI in a research report on Monday, July 3rd. SunTrust Banks, Inc. lowered NCI from a “buy” rating to a “hold” rating and decreased their target price for the company from $24.00 to $20.00 in a research report on Monday, July 3rd. ValuEngine raised NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. NCI currently has an average rating of “Hold” and an average price target of $18.33.
NCI Company Profile
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
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